REC rallied 4.59% to Rs 549.45 after the loan sanctioned jumped 24.17% to Rs 1,12,747 in FY25 as compared with Rs 90,797 crore in Q1 FY24.
Out of the total loan sanctioned, renewable energy loan sanctions increased 58.72% to Rs 39,655 crore in the quarter ended 30 June 2024 as compared with Rs 24,985 crore in the quarter ended 30 June 2023.Total loan disbursements stood at Rs 43,652 crore in Q1 FY25, representing a 27.89% year-on-year increase. Out of this, Rs 5,351 crore went towards renewable energy projects, which is steeply higher than Rs 1,534 crore recorded in the same period last year.
REC is a government-owned infrastructure finance company in India. They fund projects in power (including new technologies) and non-power sectors (roads, metro, IT, etc.) for both government and private companies.
On a consolidated basis, net profit of REC rose 33.07% to Rs 4,079.09 crore on 23.91% rise in total income to Rs 10,254.63 crore in Q4 2024 over Q4 2023.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app